Post Utme Madonna University 2017 Accounting Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2017 Accounting Objective / Multiple Choice
Question 18 POST_UTME_MADONNA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following transactions: Purchased a machine for ₦100,000 Sold a machine for ₦120,000 What is the gain or loss on the sale of the machine?

Answer Options

Correct Answer A. ₦20,000
B. ₦10,000
C. ₦5,000
D. ₦0
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Madonna University 2017 Accounting Question 18. It is one of the objective questions from the 2017 Post Utme Madonna University Accounting examination.

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